Description

Recent events in the global financial landscape have deepened the challenges faced by the Member States of the Organisation of Eastern Caribbean States. The ripple effects of a recessionary world economy have limited the ability of governments and the private sector to respond timely and appropriately to an increasingly competitive environment that is constantly being reshaped by the overwhelming demands of globalization and rapid changes in technology. Moreover, persistent threats of natural disasters have exacerbated efforts to deal with the weakening social and economic fabric of these small island states.

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